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Oracle Commodity Holding Increases Non-Brokered Private Placement to $262,500
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2025) - Oracle Commodity Holding Co...
About this update from Oracle Commodity Holding Corp.
[{"type":"text","content":"Oracle Commodity Holding Increases Non-Brokered Private Placement to $262,500Vancouver, British Columbia--(Newsfile Corp. - September 26, 2025) - Oracle Commodity Holding Corp. (TSXV: ORCL) (OTCQB: ORLCF) (\"Oracle\" or the \"Company\")  announces that due to high demand, it has upsized the non-brokered private placement financing (the \"Offering\") first announced on September 24, 2025 from 7,000,000 units (the \"Units\") at a price of $0.035 per Unit to 7,500,000 Units, raising the potential gross proceeds from $245,000 to $262,500. Each Unit consists of one common share of the Company (a \"Share\") and one transferable common share purchase warrant (a \"Warrant\"). Each Warrant entitles the holder to acquire one additional common share of the Company at an exercise price of $0.06 for a period of three years from issuance. A Finder's fees of up to 7% in Finder's Units will be payable. Each Finder's Unit will consist of one Share and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.06 per share for three years.Company insiders will be subscribing for up to 1,750,000 Units for gross proceeds of up to $61,250. The issuance of Units to the insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (\"MI 61-101\"). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the insiders' participation in the Offering will not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction.The Company is relying on the TSX Venture Exchange's minimum price exemption and anticipates closing of the Offering as soon as practicable. Closing of the Offering is subject to receipt of all necessary regulatory approvals including the TSX Venture Exchange. The Units will be issued on a private placement basis pursuant to exemptions from prospectus requirements under applicable securities laws and will be subject to a statutory hold period of four months and one day from the date of issuance.Th...